Was the Bakkt (BKKT) CAO share sale under a Rule 10b5-1 trading plan?

The transaction was not indicated as being made under a Rule 10b5-1 trading plan, as the related checkbox was not affirmed. The sale is instead described in a footnote as covering tax obligations from vesting restricted stock units.

Bakkt, Inc. (BKKT) CAO sells 94 shares to cover RSU taxes

Q: Why were Bakkt (BKKT) shares sold by the Chief Accounting Officer?

The reported sale represents shares sold to cover tax obligations arising from the vesting of restricted stock units. This indicates the transaction was connected to equity compensation vesting rather than a discretionary portfolio reallocation.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Bakkt, Inc. Chief Accounting Officer Joseph Sean-Walsh reported a sale of 94 shares of Class A Common Stock on July 15, 2026 at $8.33 per share. The sale covered tax obligations from vesting restricted stock units, leaving him with 12,954 shares, including 2,640 unvested RSUs and performance stock units.

Insider Trade Summary

Net Seller: 94 shares ($783)

Net Sell 1 txn

Insider Henderson Joseph Sean-Walsh

Role Chief Accounting Officer

Sold 94 shs ($783.02)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	94	$8.33	$783.02

Holdings After Transaction: Class A Common Stock — 12,954 shares (Direct)

Footnotes (1)

Represents sale to cover tax obligations associated with the vesting of restricted stock units. Includes 2,640 shares of Class A Common Stock subject to restricted stock units and performance stock units that remain subject to vesting.

Key Figures

Shares sold: 94 shares Sale price: $8.33 per share Shares held after sale: 12,954 shares +1 more

4 metrics

Shares sold 94 shares Class A Common Stock sold on July 15, 2026

Sale price $8.33 per share Price for Class A Common Stock sale

Shares held after sale 12,954 shares Direct Class A Common Stock holdings following the transaction

Unvested equity awards 2,640 shares Class A Common Stock underlying RSUs and PSUs that remain subject to vesting

Key Terms

restricted stock units, performance stock units, Class A Common Stock

3 terms

restricted stock units financial

"Represents sale to cover tax obligations associated with the vesting of restricted stock units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

performance stock units financial

"subject to restricted stock units and performance stock units that remain subject to vesting."

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

Class A Common Stock financial

"Includes 2,640 shares of Class A Common Stock subject to restricted stock units"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/17/2026 - 01:21 PM Accepted by SEC EDGAR 07/17/2026 - 01:21 PM

FAQ

What insider trade did Bakkt (BKKT) report for Joseph Sean-Walsh?

Bakkt’s Chief Accounting Officer Joseph Sean-Walsh reported selling 94 shares of Class A Common Stock on July 15, 2026 at $8.33 per share, in connection with tax obligations from vesting restricted stock units.

How many Bakkt (BKKT) shares did the CAO sell and at what price?

The Chief Accounting Officer sold 94 Bakkt Class A Common shares at $8.33 per share. The transaction is coded as a sale of non-derivative securities and is tied to tax obligations related to vesting restricted stock units.

Why were Bakkt (BKKT) shares sold by the Chief Accounting Officer?

The reported sale represents shares sold to cover tax obligations arising from the vesting of restricted stock units. This indicates the transaction was connected to equity compensation vesting rather than a discretionary portfolio reallocation.

How many Bakkt (BKKT) shares does the CAO hold after the sale?

Following the transaction, Joseph Sean-Walsh directly holds 12,954 Bakkt Class A Common shares. This total includes 2,640 shares subject to restricted stock units and performance stock units that remain unvested and subject to future vesting conditions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Henderson Joseph Sean-Walsh

(Last)

(First)

(Middle)

3280 PEACHTREE ROAD NE

7TH FLOOR

(Street)

ATLANTA

GEORGIA

30305

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Bakkt, Inc. [ BKKT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	07/15/2026		S		94⁽¹⁾	D	$8.33	12,954⁽²⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents sale to cover tax obligations associated with the vesting of restricted stock units.

2. Includes 2,640 shares of Class A Common Stock subject to restricted stock units and performance stock units that remain subject to vesting.

Remarks:

	Joseph Henderson	07/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR